Details about Olivier Blanchard

Homepage:	http://web.mit.edu/blanchar/www/
Phone:	12025091549
Postal address:	Peterson Institute 1750 Massachusetts Avenue, Washington DC 20037
Workplace:	Paris School of Economics, (more information at EDIRC) Peter G. Peterson Institute for International Economics (IIE), (more information at EDIRC)

Access statistics for papers by Olivier Blanchard.

Last updated 2025-04-24. Update your information in the RePEc Author Service.

Short-id: pbl2

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Working Papers

2025

1. Convergence? Thoughts About the Evolution of Mainstream Macroeconomics Over the Last 40 Years
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in Working Paper Series, Peterson Institute for International Economics (2025)
   See also Chapter Convergence? Thoughts About the Evolution of Mainstream Macroeconomics over the Last 40 Years, NBER Chapters, National Bureau of Economic Research, Inc (2025) (2025)
2. Fiscal Policy as a Stabilization Tool. The Case for Quasi-Automatic Stabilizers, With an Application to the VAT
   NBER Working Papers, National Bureau of Economic Research, Inc
3. Fiscal policy as a stabilization tool
   Working Paper Series, Peterson Institute for International Economics

2024

4. An Analysis of Pandemic-Era Inflation in 11 Economies
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
   Also in Working Paper Series, Peterson Institute for International Economics (2024) View citations (7)

2023

5. "Stan the Man": On Stanley Fischer and MIT
   Policy Briefs, Peterson Institute for International Economics
6. The Portfolio of Economic Policies Needed to Fight Climate Change
   Post-Print, HAL View citations (22)
   Also in Working Paper Series, Peterson Institute for International Economics (2022) View citations (2)
   See also Journal Article The Portfolio of Economic Policies Needed to Fight Climate Change, Annual Review of Economics, Annual Reviews (2023) View citations (16) (2023)
7. What Caused the US Pandemic-Era Inflation?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
   Also in Working Paper Series, Peterson Institute for International Economics (2023) View citations (52)

2022

8. Bad news for the Fed from the Beveridge space
   Policy Briefs, Peterson Institute for International Economics View citations (34)
9. Fighting the war against climate change
   TSE Working Papers, Toulouse School of Economics (TSE)
10. Fiscal support and monetary vigilance- economic policy implications of the Russia-Ukraine war for the European Union
    Bruegel Policy Contributions, Bruegel View citations (6)
    Also in Policy Briefs, Peterson Institute for International Economics (2022) View citations (6)

2021

11. Does the new fiscal consensus in advanced economies travel to emerging markets?
    Policy Briefs, Peterson Institute for International Economics View citations (7)
12. Redesigning EU fiscal rules: From rules to standards
    Working Paper Series, Peterson Institute for International Economics View citations (77)
    See also Journal Article Redesigning EU fiscal rules: from rules to standards, Economic Policy, CEPR, CESifo, Sciences Po (2021) View citations (86) (2021)

2020

13. A new policy toolkit is needed as countries exit COVID-19 lockdowns
    Policy Briefs, Peterson Institute for International Economics View citations (39)
    Also in Bruegel Policy Contributions, Bruegel (2020) View citations (42)
14. Automatic stabilizers in a low-rate environment
    Policy Briefs, Peterson Institute for International Economics View citations (14)
    See also Journal Article Automatic Stabilizers in a Low-Rate Environment, AEA Papers and Proceedings, American Economic Association (2020) View citations (14) (2020)
15. Macroéconomie
    PSE-Ecole d'économie de Paris (Postprint), HAL
    Also in Post-Print, HAL (2020)

2019

16. Fiscal Policy Options for Japan
    Policy Briefs, Peterson Institute for International Economics View citations (5)
17. Productivity and competitiveness in the euro area: A view from France
    (Productivité et compétitivité: où en est la France dans la zone euro ?)
    Post-Print, HAL View citations (1)
    Also in SciencePo Working papers Main, HAL (2019)
18. Public Debt and Low Interest Rates
    Working Paper Series, Peterson Institute for International Economics View citations (435)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (459)
    See also Journal Article Public Debt and Low Interest Rates, American Economic Review, American Economic Association (2019) View citations (459) (2019)
19. Public Debt: Fiscal and Welfare Costs in a Time of Low Interest Rates
    Policy Briefs, Peterson Institute for International Economics View citations (360)

2018

20. Impact of Italy’s Draft Budget on Growth and Fiscal Solvency
    Policy Briefs, Peterson Institute for International Economics View citations (2)
21. Why Has the Stock Market Risen So Much Since the US Presidential Election?
    Policy Briefs, Peterson Institute for International Economics View citations (6)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2018) View citations (6)

2017

22. A New Index of Debt Sustainability
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
23. A New Index of External Debt Sustainability
    Working Paper Series, Peterson Institute for International Economics View citations (8)
24. Boom, Slump, Sudden Stops, Recovery, and Policy Options: Portugal and the Euro
    IZA Policy Papers, Institute of Labor Economics (IZA) View citations (29)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (32)
    Working Papers, Banco de Portugal, Economics and Research Department (2017) View citations (33)
    Working Paper Series, Peterson Institute for International Economics (2017) View citations (29)
    GEE Papers, Gabinete de Estratégia e Estudos, Ministério da Economia (2017) View citations (30)
    See also Journal Article Boom, slump, sudden stops, recovery, and policy options. Portugal and the Euro, Portuguese Economic Journal, Springer (2017) View citations (33) (2017)
25. Les économistes dans la cité
    Post-Print, HAL
26. Rethinking Stabilization Policy: Evolution or Revolution?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
27. Short-Run Effects of Lower Productivity Growth. A Twist on the Secular Stagnation Hypothesis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
    Also in EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2017) View citations (19)
    Policy Briefs, Peterson Institute for International Economics (2017) View citations (19)
    See also Journal Article Short-run effects of lower productivity growth. A twist on the secular stagnation hypothesis, Journal of Policy Modeling, Elsevier (2017) View citations (19) (2017)
28. Should We Reject the Natural Rate Hypothesis?
    Working Paper Series, Peterson Institute for International Economics View citations (20)
    See also Journal Article Should We Reject the Natural Rate Hypothesis?, Journal of Economic Perspectives, American Economic Association (2018) View citations (137) (2018)
29. Should we Get rid of the Natural Rate Hypothesis?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
30. The Analytics of the Greek Crisis Discussion
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley View citations (19)
31. Will Rising Interest Rates Lead to Fiscal Crises?
    Policy Briefs, Peterson Institute for International Economics View citations (3)

2016

32. Currency Wars, Coordination, and Capital Controls
    Working Paper Series, Peterson Institute for International Economics View citations (29)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (29)
    See also Chapter Currency Wars, Coordination, and Capital Controls, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2021) View citations (4) (2021)
    Journal Article Currency Wars, Coordination, and Capital Controls, International Journal of Central Banking, International Journal of Central Banking (2017) View citations (29) (2017)
33. Do DSGE Models Have a Future?
    Policy Briefs, Peterson Institute for International Economics View citations (104)
34. The Case for Growth-Indexed Bonds in Advanced Economies Today
    Policy Briefs, Peterson Institute for International Economics View citations (26)
35. The State of Advanced Economies and Related Policy Debates: A Fall 2016 Assessment
    Policy Briefs, Peterson Institute for International Economics View citations (5)
36. The US Phillips Curve: Back to the 60s?
    Policy Briefs, Peterson Institute for International Economics View citations (188)
    See also Journal Article The Phillips Curve: Back to the '60s?, American Economic Review, American Economic Association (2016) View citations (258) (2016)
37. What Does Measured FDI Actually Measure?
    Policy Briefs, Peterson Institute for International Economics View citations (72)

2015

38. Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence
    Working Paper Series, Peterson Institute for International Economics View citations (94)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (100)
    NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (93)
    IMF Working Papers, International Monetary Fund (2015) View citations (94)
    See also Journal Article Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence, IMF Economic Review, Palgrave Macmillan (2017) View citations (54) (2017)
39. Can Foreign Exchange Intervention Stem Exchange Rate Pressures from Global Capital Flow Shocks?
    IMF Working Papers, International Monetary Fund View citations (131)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (127)
    Working Paper Series, Peterson Institute for International Economics (2015) View citations (128)
40. Inflation and Activity - Two Explorations and Their Monetary Policy Implications
    Working Paper Series, Harvard University, John F. Kennedy School of Government View citations (443)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (271)
    IMF Working Papers, International Monetary Fund (2015) View citations (383)
    Working Paper Series, Peterson Institute for International Economics (2015) View citations (363)
41. Jump Starting the Euro Area Recovery: Would a Rise in Core Fiscal Spending Help the Periphery?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (37)
    Also in Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) (2015) View citations (35)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (36)
    See also Chapter Jump-Starting the Euro Area Recovery: Would a Rise in Core Fiscal Spending Help the Periphery?, NBER Chapters, National Bureau of Economic Research, Inc (2016) View citations (57) (2016)
    Journal Article Jump-Starting the Euro-Area Recovery: Would a Rise in Core Fiscal Spending Help the Periphery?, NBER Macroeconomics Annual, University of Chicago Press (2017) View citations (48) (2017)
42. Real Wage Rigidities and the New Keynesian Model
    Working Papers, Barcelona School of Economics View citations (130)
    Also in Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2005) View citations (102)
    NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (101)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (96)
    Working Papers, Federal Reserve Bank of Boston (2005) View citations (93)
    See also Journal Article Real Wage Rigidities and the New Keynesian Model, Journal of Money, Credit and Banking, Blackwell Publishing (2007) View citations (175) (2007)

2013

43. Growth Forecast Errors and Fiscal Multipliers
    IMF Working Papers, International Monetary Fund View citations (705)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (716)
    See also Journal Article Growth Forecast Errors and Fiscal Multipliers, American Economic Review, American Economic Association (2013) View citations (694) (2013)
44. Labor Market Policies and IMF Advice in Advanced Economies during the Great Recession
    IMF Staff Discussion Notes, International Monetary Fund View citations (41)
    See also Journal Article Labor market policies and IMF advice in advanced economies during the Great Recession, IZA Journal of Labor Policy, Springer (2014) View citations (74) (2014)
45. Rethinking Macro Policy II: Getting Granular
    IMF Staff Discussion Notes, International Monetary Fund View citations (34)

2012

46. News, Noise, and Fluctuations: An Empirical Exploration
    Development Research Working Paper Series, Institute for Advanced Development Studies View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (17)
    2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (8)
    2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (1)
    See also Journal Article News, Noise, and Fluctuations: An Empirical Exploration, American Economic Review, American Economic Association (2013) View citations (198) (2013)

2011

47. (Why) Should Current Account Balances Be Reduced?
    IMF Staff Discussion Notes, International Monetary Fund View citations (62)
48. An Exploration of Optimal Stabilization Policy
    Scholarly Articles, Harvard University Department of Economics View citations (33)
49. Why are the 2000s so different from the 1970s? A structural interpretation of changes in the macroeconomic effects of oil prices in the US
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (6)

2010

50. Global Imbalances: In Midstream?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (57)
    Also in IMF Staff Position Notes, International Monetary Fund (2009) View citations (135)
51. Macroéconomie - 5ème édition
    PSE-Ecole d'économie de Paris (Postprint), HAL
    Also in Post-Print, HAL (2010)
52. Rethinking Macroeconomic Policy
    IMF Staff Position Notes, International Monetary Fund View citations (296)
    See also Journal Article Rethinking Macroeconomic Policy, Journal of Money, Credit and Banking, Blackwell Publishing (2010) View citations (209) (2010)

2009

53. Fiscal Policy for the Crisis
    IMF Staff Position Notes, International Monetary Fund View citations (33)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (45)
    See also Journal Article Fiscal Policy For The Crisis, CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich (2009) View citations (69) (2009)
54. The Crisis: Basic Mechanisms and Appropriate Policies
    IMF Working Papers, International Monetary Fund View citations (90)
    See also Journal Article The Crisis: Basic Mechanisms and Appropriate Policies, CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich (2009) View citations (90) (2009)
55. Why are the 2000s so different from the 1970s? A structural interpretation of changes in the macroeconomic effects of oil prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (31)
    See also Journal Article WHY ARE THE 2000s SO DIFFERENT FROM THE 1970s? A STRUCTURAL INTERPRETATION OF CHANGES IN THE MACROECONOMIC EFFECTS OF OIL PRICES, Journal of the European Economic Association, European Economic Association (2013) View citations (125) (2013)

2008

56. Labor Markets and Monetary Policy: A New-Keynesian Model with Unemployment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (45)
    Also in Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2008) View citations (57)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (22)
    See also Journal Article Labor Markets and Monetary Policy: A New Keynesian Model with Unemployment, American Economic Journal: Macroeconomics, American Economic Association (2010) View citations (648) (2010)
57. The Macroeconomic Effects of Oil Shocks: Why are the 2000s so Different from the 1970s?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (64)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (249)
58. The State of Macro
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (104)
    See also Journal Article The State of Macro, Annual Review of Economics, Annual Reviews (2009) View citations (115) (2009)
59. The macroeconomic effects of oil price shocks: Why are the 2000s so different from the 1970s?
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (73)
    Also in Working Papers, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research (2007)
    See also Chapter The Macroeconomic Effects of Oil Price Shocks: Why Are the 2000s so Different from the 1970s?, NBER Chapters, National Bureau of Economic Research, Inc (2007) View citations (451) (2007)

2007

60. Current Account Deficits in Rich Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (102)
    See also Journal Article Current Account Deficits in Rich Countries, IMF Staff Papers, Palgrave Macmillan (2007) View citations (100) (2007)
61. The Joint Design of Unemployment Insurance and Employment Protection. A First Pass
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (18)
    Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2006) View citations (6)
    See also Journal Article The Joint Design of Unemployment Insurance and Employment Protection: A First Pass, Journal of the European Economic Association, MIT Press (2008) View citations (177) (2008)

2006

62. A New Keynesian Model with Unemployment
    Kiel Working Papers, Kiel Institute for the World Economy (IfW Kiel) View citations (103)
    Also in Working Paper Research, National Bank of Belgium (2006) View citations (42)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2006) View citations (101)
63. Rebalancing Growth in China: A Three-Handed Approach
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (105)
    See also Journal Article Rebalancing Growth in China: A Three‐Handed Approach, China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences (2006) View citations (83) (2006)

2005

64. European Unemployment: The Evolution of Facts and Ideas
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (84)
    See also Journal Article European unemployment: the evolution of facts and ideas, Economic Policy, CEPR, CESifo, Sciences Po (2006) View citations (223) (2006)
65. The U.S. Current Account and the Dollar
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (148)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (92)

2004

66. Fiscal Dominance and Inflation Targeting: Lessons from Brazil
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (143)
67. Improving the SGP Through a Proper Accounting of Public Investment
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (171)
68. The Economic Future of Europe
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (321)
    See also Journal Article The Economic Future of Europe, Journal of Economic Perspectives, American Economic Association (2004) View citations (322) (2004)
69. The Optimal Design of Unemployment Insurance and Employment Protection. A First Pass
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (40)
70. The Quality of Labor Relations and Unemployment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (69)

2001

71. Debt Ponzi games and dynamic efficiency under uncertainty
    ULB Institutional Repository, ULB -- Universite Libre de Bruxelles View citations (64)
72. Dynamic Efficiency, the Riskless Rate, and Debt Ponzi Games under Uncertainty
    SciencePo Working papers Main, HAL View citations (1)
    Also in Working Papers, HAL (1992) View citations (21)
    NBER Working Papers, National Bureau of Economic Research, Inc (1992) View citations (30)
    SciencePo Working papers Main, HAL (1992)
    Post-Print, HAL (2001) View citations (37)
    See also Journal Article Dynamic Efficiency, the Riskless Rate, and Debt Ponzi Games under Uncertainty, The B.E. Journal of Macroeconomics, De Gruyter (2001) View citations (66) (2001)
73. Federalism With and Without Political Centralization:China Versus Russia
    Scholarly Articles, Harvard University Department of Economics View citations (83)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (116)
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (2000) View citations (105)
    See also Journal Article Federalism With and Without Political Centralization: China Versus Russia, IMF Staff Papers, Palgrave Macmillan (2001) View citations (246) (2001)
74. Macroeconomic Effects of Regulation and Deregulation in Goods and Labor Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (82)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (31)
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (607)
    See also Journal Article Macroeconomic Effects of Regulation and Deregulation in Goods and Labor Markets, The Quarterly Journal of Economics, President and Fellows of Harvard College (2003) View citations (815) (2003)
75. The Perverse Effects of Partial Labor Market Reform: Fixed Duration Contracts in France
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (100)

2000

76. What do we know about Macroeconomics that Fisher and Wicksell did not?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (110)
    See also Journal Article What Do We Know about Macroeconomics that Fisher and Wicksell Did Not?, The Quarterly Journal of Economics, President and Fellows of Harvard College (2000) View citations (110) (2000)

1999

77. An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (120)
    See also Journal Article An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output, The Quarterly Journal of Economics, President and Fellows of Harvard College (2002) View citations (2737) (2002)
78. The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (123)
    See also Journal Article The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence, Economic Journal, Royal Economic Society (2000) View citations (1637) (2000)
79. Wage Dynamics: Reconciling Theory and Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (322)
    See also Journal Article Wage Dynamics: Reconciling Theory and Evidence, American Economic Review, American Economic Association (1999) View citations (335) (1999)

1998

80. Croissance et chômage
    SciencePo Working papers Main, HAL View citations (1)
    Also in Post-Print, HAL (1998) View citations (3)
81. Revisiting European Unemployment: Unemployment, Capital Accumulation, and Factor Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (88)
    See also Book Revisiting European Unemployment: Unemployment, Capital Accumulation and Factor Prices, Research Series, Economic and Social Research Institute (ESRI) (1998) View citations (84) (1998)
82. What Hides Behind An Unemployment Rate: Comparing Portuguese and Us Unemployment
    Working Papers, Banco de Portugal, Economics and Research Department View citations (46)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (44)

1997

83. Disorganization
    Scholarly Articles, Harvard University Department of Economics View citations (6)
    Also in Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1996) View citations (42)
    William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan (1997) View citations (78)
    See also Journal Article Disorganization, The Quarterly Journal of Economics, President and Fellows of Harvard College (1997) View citations (109) (1997)

1996

84. What We Know and Do Not Know About the Natural Rate of Unemployment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
    Also in Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1996) View citations (17)
    See also Journal Article What We Know and Do Not Know about the Natural Rate of Unemployment, Journal of Economic Perspectives, American Economic Association (1997) View citations (397) (1997)

1994

85. On the Speed of Transition Central Europe
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (242)
    Also in Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1993) View citations (69)
    Scholarly Articles, Harvard University Department of Economics (1994) View citations (247)
    See also Chapter On the Speed of Transition in Central Europe, NBER Chapters, National Bureau of Economic Research, Inc (1994) View citations (244) (1994)
86. Pour l'emploi et la cohésion sociale
    Post-Print, HAL
    Also in SciencePo Working papers Main, HAL (1994)
87. Taux d'intérêt et chômage
    SciencePo Working papers Main, HAL
    Also in Post-Print, HAL (1994)
88. The Economics of Enterprise Restructuring in Central and Eastern Europe
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (23)
    See also Chapter The Economics of Enterprise Restructuring in Central and Eastern Europe, International Economic Association Series, Palgrave Macmillan (1997) View citations (1) (1997)

1993

89. Competitive Disinflation: The Mark and Budgetary Politics in Europe
    SciencePo Working papers Main, HAL View citations (1)
    Also in Post-Print, HAL (1993) View citations (12)
90. Consumption and the Recession of 1990-1991
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (75)
    See also Journal Article Consumption and the Recession of 1990-1991, American Economic Review, American Economic Association (1993) View citations (75) (1993)
91. Patterns of Success: Twentieth Century Entrepreneurs in the Dictionary of Business Biography
    CEP Discussion Papers, Centre for Economic Performance, LSE
92. What do Firms do with Cash Windfalls?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article What do firms do with cash windfalls?, Journal of Financial Economics, Elsevier (1994) View citations (240) (1994)

1992

93. La désinflation compétitive, le Mark et les politiques budgétaires en Europe
    Post-Print, HAL View citations (6)
    Also in SciencePo Working papers Main, HAL (1992)
94. The Flow Approach to Labor Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (74)
    See also Journal Article The Flow Approach to Labor Markets, American Economic Review, American Economic Association (1992) View citations (78) (1992)

1991

95. How to Privatise
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (2)
96. The Debt Burden and Debt Maturity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    See also Journal Article The Debt Burden and Debt Maturity, American Economic Review, American Economic Association (1994) View citations (145) (1994)
97. Wage Bargaining and Unemployment Persistence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (45)
    See also Journal Article Wage Bargaining and Unemployment Persistence, Journal of Money, Credit and Banking, Blackwell Publishing (1991) View citations (45) (1991)

1990

98. Economic Change in Poland
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
    Also in CEP Discussion Papers, Centre for Economic Performance, LSE (1990) View citations (3)
99. RANKING, UNEMPLOYMENT DURATION, AND WAGES
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (14)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1990) View citations (15)
    See also Journal Article Ranking, Unemployment Duration, and Wages, The Review of Economic Studies, Review of Economic Studies Ltd (1994) View citations (354) (1994)
100. Suggestions for a New Set of Fiscal Indicators
     OECD Economics Department Working Papers, OECD Publishing View citations (43)
101. THE STOCK MARKET, PROFIT AND INVESTMENT
     RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (21)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1990) View citations (23)
     See also Journal Article The Stock Market, Profit, and Investment, The Quarterly Journal of Economics, President and Fellows of Harvard College (1993) View citations (239) (1993)

1989

102. Spanish Unemployment
     Working Papers, CEMFI View citations (8)
103. THE AGGREGATE MATCHING FUNCTION
     Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (37)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1989) View citations (64)
104. Two Tools for Analyzing Unemployment
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
     See also Chapter Two Tools for Analysing Unemployment, International Economic Association Series, Palgrave Macmillan (1991) (1991)

1988

105. Consumption: Beyond Certainty Equivalence
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (45)
     See also Journal Article Consumption: Beyond Certainty Equivalence, American Economic Review, American Economic Association (1988) View citations (44) (1988)
106. The Dynamic Effects of Aggregate Demand and Supply Disturbance
     Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (80)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1988) View citations (59)
     See also Journal Article The Dynamic Effects of Aggregate Demand and Supply Disturbances, American Economic Review, American Economic Association (1989) View citations (2573) (1989)
107. Unemployment: Getting the Questions Right - and some of the answers
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
     Also in Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1988) View citations (16)

1987

108. Why Does Money Affect Output? A Survey
     Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (30)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1987) View citations (21)
     See also Chapter Why does money affect output? A survey, Handbook of Monetary Economics, Elsevier (1990) View citations (59) (1990)

1986

109. Empirical Structural Evidence On Wages, Prices and Employment in the US
     Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (2)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1986) View citations (2)
110. Fiscal Increasing Returns, Hysteresis, Real Wages and Unemployment
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
     Also in Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1986) View citations (5)
     See also Journal Article Fiscal increasing returns, hysteresis, real wages and unemployment, European Economic Review, Elsevier (1987) View citations (46) (1987)
111. Hysteresis and Unemployment
     Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (1150)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1986) View citations (1071)
     See also Journal Article Hysteresis in unemployment, European Economic Review, Elsevier (1987) View citations (301) (1987)
112. Hysteresis and the European Unemployment Problem
     Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (1045)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1986) View citations (1045)
     See also Chapter Hysteresis and the European Unemployment Problem, NBER Chapters, National Bureau of Economic Research, Inc (1986) View citations (1018) (1986)
113. Investment and Sales: Some Empirical Evidence
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)

1985

114. Monopolistic Competition, Aggregate Demand Externalities and Real Effects Of Nominal Money
     SSRI Workshop Series, University of Wisconsin-Madison, Social Systems Research Institute View citations (10)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1985) View citations (16)
115. Monopolistic Competition, Aggregate Externalities and real Effects of Nominal Money
     Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (13)
116. The Wage Price Spiral
     Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (5)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1985) View citations (6)
     See also Journal Article The Wage Price Spiral, The Quarterly Journal of Economics, President and Fellows of Harvard College (1986) View citations (89) (1986)

1984

117. Are Business Cycles All Alike?
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (59)
     See also Chapter Are Business Cycles All Alike?, NBER Chapters, National Bureau of Economic Research, Inc (1986) View citations (364) (1986)
118. Current and Anticipated Deficits, Interest Rates and Economic Activity
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (64)
     See also Journal Article Current and anticipated deficits, interest rates and economic activity, European Economic Review, Elsevier (1984) View citations (53) (1984)
     Chapter Current and Anticipated Deficits, Interest Rates and Economic Activity, NBER Chapters, National Bureau of Economic Research, Inc (1991) (1991)
119. Cyclical Behavior of Prices and Quantities in the Automobile Market
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
120. Debt, Deficits and Finite Horizons
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
     See also Journal Article Debt, Deficits, and Finite Horizons, Journal of Political Economy, University of Chicago Press (1985) View citations (1434) (1985)
121. The Lucas Critique and the Volcker Deflation
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (56)
     See also Journal Article The Lucas Critique and the Volcker Deflation, American Economic Review, American Economic Association (1984) View citations (56) (1984)

1983

122. Inflexible Relative Prices and Price Level Inertia
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
123. Methods of Solution and Simulation for Dynamic Rational Expectations Models
     NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (3)
124. The Present Value of Profits and Cyclical Movements in Investment
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
     See also Journal Article The Present Value of Profits and Cyclical Movements in Investment, Econometrica, Econometric Society (1986) View citations (299) (1986)

1982

125. An Intertemporal Model of Saving and Investment
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (72)
     See also Journal Article An Intertemporal Model of Saving and Investment, Econometrica, Econometric Society (1983) View citations (161) (1983)
126. Anticipations, Recessions and Policy: An Intertemporal Disequilibrium Model
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
127. Bubbles, Rational Expectations and Financial Markets
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (589)
128. Identification in Dynamic Linear Models with Rational Expectations
     NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (3)
129. Price Asynchronization and Price Level Inertia
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (35)
130. The Production and Inventory Behavior of the American Automobile Industry
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (92)
     See also Journal Article The Production and Inventory Behavior of the American Automobile Industry, Journal of Political Economy, University of Chicago Press (1983) View citations (167) (1983)

Undated

131. Reducing Spanish unemployment under the EMU
     Studies on the Spanish Economy, FEDEA View citations (6)
     Also in Working Papers, FEDEA View citations (7)
132. The EMS, the EMU, and the Transition to a Common Currency
     Working Paper, Harvard University OpenScholar View citations (127)

Journal Articles

2024

1. Public Debt Ratios Will Increase For Some Time. We Must Make Sure That They Do Not Explode
   The Economists' Voice, 2024, 21, (1), 159-162

2023

2. Foreword. Thoughts on Fiscal Policy
   Revue française d'économie, 2023, XXXVIII, (2), 3-14
3. The Portfolio of Economic Policies Needed to Fight Climate Change
   Annual Review of Economics, 2023, 15, (1), 689-722 View citations (16)
   See also Working Paper The Portfolio of Economic Policies Needed to Fight Climate Change, Post-Print (2023) View citations (22) (2023)

2022

4. Determining Association between Lung Cancer Mortality Worldwide and Risk Factors Using Fuzzy Inference Modeling and Random Forest Modeling
   IJERPH, 2022, 19, (21), 1-17
5. Entretien avec
   Revue d'économie financière, 2022, N° 146, (2), 23-37
6. Monetary non-neutrality and stabilisation policies 50 years after Lucas’s “expectations” paper: a roundtable discussion
   The European Journal of the History of Economic Thought, 2022, 29, (6), 1165-1189

2021

7. Discussion on Public Debt and Fiscal Policy
   IMF Economic Review, 2021, 69, (1), 258-274 View citations (3)
8. Redesigning EU fiscal rules: from rules to standards
   Economic Policy, 2021, 36, (106), 195-236 View citations (86)
   See also Working Paper Redesigning EU fiscal rules: From rules to standards, Working Paper Series (2021) View citations (77) (2021)
9. The Mayekawa Lecture: Fiscal Policy under Low Rates: Taking Stock
   Monetary and Economic Studies, 2021, 39, 23-34 View citations (4)

2020

10. Automatic Stabilizers in a Low-Rate Environment
    AEA Papers and Proceedings, 2020, 110, 125-30 View citations (14)
    See also Working Paper Automatic stabilizers in a low-rate environment, Policy Briefs (2020) View citations (14) (2020)

2019

11. Crisis and Revolution in Economic Theory and Policy: A Debate
    Review of Political Economy, 2019, 31, (2), 271-287 View citations (16)
12. Public Debt and Low Interest Rates
    American Economic Review, 2019, 109, (4), 1197-1229 View citations (459)
    See also Working Paper Public Debt and Low Interest Rates, Working Paper Series (2019) View citations (435) (2019)
13. Ripensare le politiche macroeconomiche: evoluzione o rivoluzione? (Evolution or Revolution? Rethinking Macroeconomic Policy after the Great Recession)
    Moneta e Credito, 2019, 72, (287), 171-195

2018

14. A year of rising dangerously? The U.S. stock market performance in the aftermath of the presidential election
    Journal of Policy Modeling, 2018, 40, (3), 489-502 View citations (4)
15. Distortions in Macroeconomics
    NBER Macroeconomics Annual, 2018, 32, (1), 547 - 554 View citations (1)
    See also Chapter Distortions in Macroeconomics, NBER Chapters, 2017, 547-554 (2017) View citations (2) (2017)
16. Foreword
    AEA Papers and Proceedings, 2018, 108, xii-
    Also in IMF Economic Review, 2010, 58, (1), 1-1 (2010)
17. On the future of macroeconomic models
    Oxford Review of Economic Policy, 2018, 34, (1-2), 43-54 View citations (114)
18. Should We Reject the Natural Rate Hypothesis?
    Journal of Economic Perspectives, 2018, 32, (1), 97-120 View citations (137)
    See also Working Paper Should We Reject the Natural Rate Hypothesis?, Working Paper Series (2017) View citations (20) (2017)

2017

19. Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence
    IMF Economic Review, 2017, 65, (3), 563-585 View citations (54)
    See also Working Paper Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence, Working Paper Series (2015) View citations (94) (2015)
20. Boom, slump, sudden stops, recovery, and policy options. Portugal and the Euro
    Portuguese Economic Journal, 2017, 16, (3), 149-168 View citations (33)
    See also Working Paper Boom, Slump, Sudden Stops, Recovery, and Policy Options: Portugal and the Euro, IZA Policy Papers (2017) View citations (29) (2017)
21. Comment
    NBER Macroeconomics Annual, 2017, 31, (1), 82 - 91
22. Currency Wars, Coordination, and Capital Controls
    International Journal of Central Banking, 2017, 13, (2), 283-308 View citations (29)
    See also Working Paper Currency Wars, Coordination, and Capital Controls, Working Paper Series (2016) View citations (29) (2016)
    Chapter Currency Wars, Coordination, and Capital Controls, World Scientific Book Chapters, 2021, 134-157 (2021) View citations (4) (2021)
23. Jump-Starting the Euro-Area Recovery: Would a Rise in Core Fiscal Spending Help the Periphery?
    NBER Macroeconomics Annual, 2017, 31, (1), 103 - 182 View citations (48)
    See also Chapter Jump-Starting the Euro Area Recovery: Would a Rise in Core Fiscal Spending Help the Periphery?, NBER Chapters, 2016, 103-182 (2016) View citations (57) (2016)
    Working Paper Jump Starting the Euro Area Recovery: Would a Rise in Core Fiscal Spending Help the Periphery?, NBER Working Papers (2015) View citations (37) (2015)
24. Short-run effects of lower productivity growth. A twist on the secular stagnation hypothesis
    Journal of Policy Modeling, 2017, 39, (4), 639-649 View citations (19)
    See also Working Paper Short-Run Effects of Lower Productivity Growth. A Twist on the Secular Stagnation Hypothesis, NBER Working Papers (2017) View citations (19) (2017)
25. Sur les modèles macroéconomiques
    Revue de l'OFCE, 2017, N° 153, (4), 317-325

2016

26. Capital Flows: Expansionary or Contractionary?
    American Economic Review, 2016, 106, (5), 565-69 View citations (48)
27. The Phillips Curve: Back to the '60s?
    American Economic Review, 2016, 106, (5), 31-34 View citations (258)
    See also Working Paper The US Phillips Curve: Back to the 60s?, Policy Briefs (2016) View citations (188) (2016)
28. ¿Tienen futuro los modelos DSGE?
    Revista de Economía Institucional, 2016, 18, (35), 39-46 View citations (1)

2014

29. Labor market policies and IMF advice in advanced economies during the Great Recession
    IZA Journal of Labor Policy, 2014, 3, (1), 1-23 View citations (74)
    See also Working Paper Labor Market Policies and IMF Advice in Advanced Economies during the Great Recession, IMF Staff Discussion Notes (2013) View citations (41) (2013)
30. Learning about Fiscal Multipliers from Growth Forecast Errors
    IMF Economic Review, 2014, 62, (2), 179-212 View citations (61)

2013

31. Boom, Bust, Recovery: Forensics of the Latvia Crisis
    Brookings Papers on Economic Activity, 2013, 44, (2 (Fall)), 325-388 View citations (41)
32. Growth Forecast Errors and Fiscal Multipliers
    American Economic Review, 2013, 103, (3), 117-20 View citations (694)
    See also Working Paper Growth Forecast Errors and Fiscal Multipliers, IMF Working Papers (2013) View citations (705) (2013)
33. MNB panel discussion with Olivier Blanchard
    MNB Bulletin (discontinued), 2013, 8, (2), 51-56
34. News, Noise, and Fluctuations: An Empirical Exploration
    American Economic Review, 2013, 103, (7), 3045-70 View citations (198)
    See also Working Paper News, Noise, and Fluctuations: An Empirical Exploration, Development Research Working Paper Series (2012) View citations (1) (2012)
35. WHY ARE THE 2000s SO DIFFERENT FROM THE 1970s? A STRUCTURAL INTERPRETATION OF CHANGES IN THE MACROECONOMIC EFFECTS OF OIL PRICES
    Journal of the European Economic Association, 2013, 11, (5), 1032-1052 View citations (125)
    See also Working Paper Why are the 2000s so different from the 1970s? A structural interpretation of changes in the macroeconomic effects of oil prices, NBER Working Papers (2009) View citations (31) (2009)

2012

36. (Why) Should Current Account Balances Be Reduced&quest
    IMF Economic Review, 2012, 60, (1), 139-150 View citations (46)

2010

37. Labor Markets and Monetary Policy: A New Keynesian Model with Unemployment
    American Economic Journal: Macroeconomics, 2010, 2, (2), 1-30 View citations (648)
    See also Working Paper Labor Markets and Monetary Policy: A New-Keynesian Model with Unemployment, NBER Working Papers (2008) View citations (45) (2008)
38. Repensar la política macroeconómica
    Revista de Economía Institucional, 2010, 12, (22), 61-82 View citations (2)
39. Rethinking Macroeconomic Policy
    Journal of Money, Credit and Banking, 2010, 42, (s1), 199-215 View citations (209)
    Also in Journal of Money, Credit and Banking, 2010, 42, (s1), 199-215 (2010) View citations (617)
    See also Working Paper Rethinking Macroeconomic Policy, IMF Staff Position Notes (2010) View citations (296) (2010)
40. Sustaining a global recovery
    Journal of Policy Modeling, 2010, 32, (5), 604-609 View citations (3)
41. The Initial Impact of the Crisis on Emerging Market Countries
    Brookings Papers on Economic Activity, 2010, 41, (1 (Spring)), 263-323 View citations (190)

2009

42. Editor's Note
    American Economic Journal: Macroeconomics, 2009, 1, (1), iii-iv
43. Fiscal Policy For The Crisis
    CESifo Forum, 2009, 10, (02), 26-32 View citations (69)
    See also Working Paper Fiscal Policy for the Crisis, IMF Staff Position Notes (2009) View citations (33) (2009)
44. L’état actuel de la macroéconomie
    Revue Française d'Économie, 2009, 24, (1), 3-40
45. Report of the Editor: American Economic Journal: Macroeconomics
    American Economic Review, 2009, 99, (2), 681-82
    Also in American Economic Review, 2008, 98, (2), 601-02 (2008)
46. The Crisis: Basic Mechanisms and Appropriate Policies
    CESifo Forum, 2009, 10, (01), 3-14 View citations (90)
    See also Working Paper The Crisis: Basic Mechanisms and Appropriate Policies, IMF Working Papers (2009) View citations (90) (2009)
47. The State of Macro
    Annual Review of Economics, 2009, 1, (1), 209-228 View citations (115)
    See also Working Paper The State of Macro, NBER Working Papers (2008) View citations (104) (2008)

2008

48. A new method to estimate time variation in the NAIRU - comments
    Conference Series ; [Proceedings], 2008 View citations (1)
49. The Joint Design of Unemployment Insurance and Employment Protection: A First Pass
    Journal of the European Economic Association, 2008, 6, (1), 45-77 View citations (177)
    See also Working Paper The Joint Design of Unemployment Insurance and Employment Protection. A First Pass, CEPR Discussion Papers (2007) View citations (18) (2007)

2007

50. A Review of Richard Layard, Stephen Nickell, and Richard Jackman's Unemployment: Macroeconomic Performance and the Labour Market
    Journal of Economic Literature, 2007, 45, (2), 410-418 View citations (14)
51. Adjustment within the euro. The difficult case of Portugal
    Portuguese Economic Journal, 2007, 6, (1), 1-21 View citations (169)
52. Current Account Deficits in Rich Countries
    IMF Staff Papers, 2007, 54, (2), 191-219 View citations (100)
    Also in Panoeconomicus, 2007, 54, (2), 127-158 (2007)
    See also Working Paper Current Account Deficits in Rich Countries, NBER Working Papers (2007) View citations (102) (2007)
53. Real Wage Rigidities and the New Keynesian Model
    Journal of Money, Credit and Banking, 2007, 39, (s1), 35-65 View citations (175)
    Also in Proceedings, 2005 (2005) View citations (48)
    Journal of Money, Credit and Banking, 2007, 39, (s1), 35-65 (2007) View citations (785)
    See also Working Paper Real Wage Rigidities and the New Keynesian Model, Working Papers (2015) View citations (130) (2015)

2006

54. European unemployment: the evolution of facts and ideas
    (The macroeconomics of low inflation)
    Economic Policy, 2006, 21, (45), 6-59 View citations (223)
    See also Working Paper European Unemployment: The Evolution of Facts and Ideas, NBER Working Papers (2005) View citations (84) (2005)
55. Rebalancing Growth in China: A Three‐Handed Approach
    China & World Economy, 2006, 14, (4), 1-20 View citations (83)
    See also Working Paper Rebalancing Growth in China: A Three-Handed Approach, CEPR Discussion Papers (2006) View citations (105) (2006)

2005

56. Ekonomiczna przyszłość Europy
    Gospodarka Narodowa. The Polish Journal of Economics, 2005, (11-12), 89-112 View citations (2)
    Also in Gospodarka Narodowa-The Polish Journal of Economics, 2005, 2005, (11-12) (2005) View citations (2)
57. International Investors, the U.S. Current Account, and the Dollar
    Brookings Papers on Economic Activity, 2005, 36, (1), 1-66 View citations (84)
58. Panel discussion: understanding price determination: where are we now? where should we be going?
    Proceedings, 2005 View citations (23)

2004

59. Peut-on éliminer le chômage en Europe ?
    Revue Française d'Économie, 2004, 18, (4), 3-31 View citations (1)
60. Redesigning the Employment Protection System
    De Economist, 2004, 152, (1), 1-20 View citations (25)
61. The Economic Future of Europe
    Journal of Economic Perspectives, 2004, 18, (4), 3-26 View citations (322)
    See also Working Paper The Economic Future of Europe, NBER Working Papers (2004) View citations (321) (2004)

2003

62. Macroeconomic Effects of Regulation and Deregulation in Goods and Labor Markets
    The Quarterly Journal of Economics, 2003, 118, (3), 879-907 View citations (815)
    See also Working Paper Macroeconomic Effects of Regulation and Deregulation in Goods and Labor Markets, NBER Working Papers (2001) View citations (82) (2001)

2002

63. An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output
    The Quarterly Journal of Economics, 2002, 117, (4), 1329-1368 View citations (2737)
    See also Working Paper An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output, NBER Working Papers (1999) View citations (120) (1999)
64. Current Account Deficits in the Euro Area: The End of the Feldstein Horioka Puzzle?
    Brookings Papers on Economic Activity, 2002, 33, (2), 147-210 View citations (605)
65. Temporary Jobs: Stepping Stones Or Dead Ends?
    Economic Journal, 2002, 112, (480), F189-F213 View citations (710)
66. The Perverse Effects of Partial Labour Market Reform: fixed--Term Contracts in France
    Economic Journal, 2002, 112, (480), F214-F244 View citations (445)

2001

67. Dynamic Efficiency, the Riskless Rate, and Debt Ponzi Games under Uncertainty
    The B.E. Journal of Macroeconomics, 2001, 1, (2), 23 View citations (66)
    See also Working Paper Dynamic Efficiency, the Riskless Rate, and Debt Ponzi Games under Uncertainty, SciencePo Working papers Main (2001) View citations (1) (2001)
68. Federalism With and Without Political Centralization: China Versus Russia
    IMF Staff Papers, 2001, 48, (4), 8 View citations (246)
    See also Working Paper Federalism With and Without Political Centralization:China Versus Russia, Scholarly Articles (2001) View citations (83) (2001)
69. In Honor of Andrei Shleifer: Winner of the John Bates Clark Medal
    Journal of Economic Perspectives, 2001, 15, (1), 189-204 View citations (2)
70. The Long and Large Decline in U.S. Output Volatility
    Brookings Papers on Economic Activity, 2001, 32, (1), 135-174 View citations (663)
71. What Hides Behind an Unemployment Rate: Comparing Portuguese and U.S. Labor Markets
    American Economic Review, 2001, 91, (1), 187-207 View citations (408)

2000

72. The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence
    Economic Journal, 2000, 110, (462), C1-33 View citations (1637)
    See also Working Paper The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence, NBER Working Papers (1999) View citations (123) (1999)
73. The automatic fiscal stabilizers: quietly doing their thing - commentary
    Economic Policy Review, 2000, (Apr), 69-74 View citations (3)
74. What Do We Know about Macroeconomics that Fisher and Wicksell Did Not?
    The Quarterly Journal of Economics, 2000, 115, (4), 1375-1409 View citations (110)
    See also Working Paper What do we know about Macroeconomics that Fisher and Wicksell did not?, NBER Working Papers (2000) View citations (110) (2000)

1999

75. An Interview with János Kornai
    Macroeconomic Dynamics, 1999, 3, (3), 427-450 View citations (2)
76. Interjú Kornai Jánossal
    (An interview with János Kornai)
    Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), 1999, XLVI, (3), 201-212
77. Wage Dynamics: Reconciling Theory and Evidence
    American Economic Review, 1999, 89, (2), 69-74 View citations (335)
    See also Working Paper Wage Dynamics: Reconciling Theory and Evidence, NBER Working Papers (1999) View citations (322) (1999)

1998

78. On privatization methods in Eastern Europe and their implications1
    The Economics of Transition, 1998, 6, (1), 87-99 View citations (42)

1997

79. Comment on "Stopping Inflations, Big and Small."
    Journal of Money, Credit and Banking, 1997, 29, (4), 778-82 View citations (1)
80. Disorganization
    The Quarterly Journal of Economics, 1997, 112, (4), 1091-1126 View citations (109)
    See also Working Paper Disorganization, Scholarly Articles (1997) View citations (6) (1997)
81. Is There a Core of Usable Macroeconomics?
    American Economic Review, 1997, 87, (2), 244-46 View citations (44)
82. Labor-market flexibility and aggregate employment volatility: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1997, 46, (1), 229-239 View citations (2)
83. The Medium Run
    Brookings Papers on Economic Activity, 1997, 28, (2), 89-158 View citations (404)
84. What We Know and Do Not Know about the Natural Rate of Unemployment
    Journal of Economic Perspectives, 1997, 11, (1), 51-72 View citations (397)
    See also Working Paper What We Know and Do Not Know About the Natural Rate of Unemployment, NBER Working Papers (1996) View citations (24) (1996)

1996

85. On insider privatization
    European Economic Review, 1996, 40, (3-5), 759-766 View citations (50)
86. Theoretical Aspects of Transition
    American Economic Review, 1996, 86, (2), 117-22 View citations (29)

1995

87. Macroeconomic implications of shifts in the relative demand for skills
    Economic Policy Review, 1995, (Jan), 48-53 View citations (16)
88. Structural Unemployment: Spain versus Portugal
    American Economic Review, 1995, 85, (2), 212-18 View citations (113)

1994

89. Ranking, Unemployment Duration, and Wages
    The Review of Economic Studies, 1994, 61, (3), 417-434 View citations (354)
    See also Working Paper RANKING, UNEMPLOYMENT DURATION, AND WAGES, Working papers (1990) View citations (14) (1990)
90. The Debt Burden and Debt Maturity
    American Economic Review, 1994, 84, (1), 309-19 View citations (145)
    See also Working Paper The Debt Burden and Debt Maturity, NBER Working Papers (1991) View citations (12) (1991)
91. The behaviour of state firms in eastern Europe, pre-privatisation
    European Economic Review, 1994, 38, (6), 1327-1349 View citations (76)
92. Transition in Poland
    Economic Journal, 1994, 104, (426), 1169-77 View citations (29)
93. What do firms do with cash windfalls?
    Journal of Financial Economics, 1994, 36, (3), 337-360 View citations (240)
    See also Working Paper What do Firms do with Cash Windfalls?, NBER Working Papers (1993) View citations (3) (1993)

1993

94. Consumption and the Recession of 1990-1991
    American Economic Review, 1993, 83, (2), 270-74 View citations (75)
    See also Working Paper Consumption and the Recession of 1990-1991, Working papers (1993) View citations (75) (1993)
95. Movements in the Equity Premium
    Brookings Papers on Economic Activity, 1993, 24, (2), 75-138 View citations (111)
96. On the dynamics of transition and restructuring
    The Economics of Transition, 1993, 1, (2), 273-274
97. The Dynamic Effects of Aggregate Demand and Supply Disturbances: Reply
    American Economic Review, 1993, 83, (3), 653-58 View citations (74)
98. The Stock Market, Profit, and Investment
    The Quarterly Journal of Economics, 1993, 108, (1), 115-136 View citations (239)
    See also Working Paper THE STOCK MARKET, PROFIT AND INVESTMENT, RCER Working Papers (1990) View citations (21) (1990)

1992

99. For a return to pragmatism
    Proceedings, 1992, 121-132 View citations (5)
100. Regional Evolutions
     Brookings Papers on Economic Activity, 1992, 23, (1), 1-76 View citations (887)
101. The Flow Approach to Labor Markets
     American Economic Review, 1992, 82, (2), 354-59 View citations (78)
     See also Working Paper The Flow Approach to Labor Markets, NBER Working Papers (1992) View citations (74) (1992)

1991

102. Wage Bargaining and Unemployment Persistence
     Journal of Money, Credit and Banking, 1991, 23, (3), 277-92 View citations (45)
     See also Working Paper Wage Bargaining and Unemployment Persistence, NBER Working Papers (1991) View citations (45) (1991)

1990

103. The Cyclical Behovior of the Gross Flows of U.S. Workers
     Brookings Papers on Economic Activity, 1990, 21, (2), 85-156 View citations (122)

1989

104. A Traditional Interpretation of Macroeconomic Fluctuations
     American Economic Review, 1989, 79, (5), 1146-64 View citations (203)
105. Les courbes de Beveridge et de Phillips comme outils d’analyse du chômage
     L'Actualité Economique, 1989, 65, (3), 396-422 View citations (3)
106. Macroeconomic implications
     Proceedings, 1989, 201-213 View citations (9)
107. The Beveridge Curve
     Brookings Papers on Economic Activity, 1989, 20, (1), 1-76 View citations (700)
108. The Dynamic Effects of Aggregate Demand and Supply Disturbances
     American Economic Review, 1989, 79, (4), 655-73 View citations (2573)
     See also Working Paper The Dynamic Effects of Aggregate Demand and Supply Disturbance, Working papers (1988) View citations (80) (1988)

1988

109. Beyond the Natural Rate Hypothesis
     American Economic Review, 1988, 78, (2), 182-87 View citations (77)
110. Consumption: Beyond Certainty Equivalence
     American Economic Review, 1988, 78, (2), 173-77 View citations (44)
     See also Working Paper Consumption: Beyond Certainty Equivalence, NBER Working Papers (1988) View citations (45) (1988)

1987

111. Aggregate and Individual Price Adjustment
     Brookings Papers on Economic Activity, 1987, 18, (1), 57-122 View citations (64)
112. Fiscal increasing returns, hysteresis, real wages and unemployment
     European Economic Review, 1987, 31, (3), 543-560 View citations (46)
     See also Working Paper Fiscal Increasing Returns, Hysteresis, Real Wages and Unemployment, NBER Working Papers (1986) View citations (6) (1986)
113. Hysteresis in unemployment
     European Economic Review, 1987, 31, (1-2), 288-295 View citations (301)
     See also Working Paper Hysteresis and Unemployment, Working papers (1986) View citations (1150) (1986)
114. Monopolistic Competition and the Effects of Aggregate Demand
     American Economic Review, 1987, 77, (4), 647-66 View citations (912)
115. Vector Autoregressions and Reality: Comment
     Journal of Business & Economic Statistics, 1987, 5, (4), 449-51 View citations (6)

1986

116. Pourquoi les taux d'intérêts sont-ils aussi élevés
     Annals of Economics and Statistics, 1986, (3), 53-100 View citations (1)
117. The Present Value of Profits and Cyclical Movements in Investment
     Econometrica, 1986, 54, (2), 249-73 View citations (299)
     See also Working Paper The Present Value of Profits and Cyclical Movements in Investment, NBER Working Papers (1983) View citations (18) (1983)
118. The Wage Price Spiral
     The Quarterly Journal of Economics, 1986, 101, (3), 543-565 View citations (89)
     See also Working Paper The Wage Price Spiral, Working papers (1985) View citations (5) (1985)
119. The cyclical behavior of prices and quantities: The case of the automobile market
     Journal of Monetary Economics, 1986, 17, (3), 379-407 View citations (18)

1985

120. Credibility, disinflation and gradualism
     Economics Letters, 1985, 17, (3), 211-217 View citations (14)
121. Debt, Deficits, and Finite Horizons
     Journal of Political Economy, 1985, 93, (2), 223-47 View citations (1434)
     See also Working Paper Debt, Deficits and Finite Horizons, NBER Working Papers (1984) View citations (16) (1984)
122. Manifesto
     The Quarterly Journal of Economics, 1985, 100, (1), iii

1984

123. A reexamination of the theory of automatic stabilizers Income stability and economic efficiency under alternative tax schemes: Comments on Christiano and Miller
     Carnegie-Rochester Conference Series on Public Policy, 1984, 20, (1), 207-208 View citations (3)
124. Current and anticipated deficits, interest rates and economic activity
     European Economic Review, 1984, 25, (1), 7-27 View citations (53)
     See also Chapter Current and Anticipated Deficits, Interest Rates and Economic Activity, NBER Chapters, 1991, 361-390 (1991) (1991)
     Working Paper Current and Anticipated Deficits, Interest Rates and Economic Activity, NBER Working Papers (1984) View citations (64) (1984)
125. Perspectives on High World Real Interest Rates
     Brookings Papers on Economic Activity, 1984, 15, (2), 273-334 View citations (103)
126. The Lucas Critique and the Volcker Deflation
     American Economic Review, 1984, 74, (2), 211-15 View citations (56)
     See also Working Paper The Lucas Critique and the Volcker Deflation, NBER Working Papers (1984) View citations (56) (1984)

1983

127. An Intertemporal Model of Saving and Investment
     Econometrica, 1983, 51, (3), 675-92 View citations (161)
     See also Working Paper An Intertemporal Model of Saving and Investment, NBER Working Papers (1982) View citations (72) (1982)
128. Dynamic Effects of a Shift in Savings; The Role of Firms
     Econometrica, 1983, 51, (5), 1583-91 View citations (7)
129. The Production and Inventory Behavior of the American Automobile Industry
     Journal of Political Economy, 1983, 91, (3), 365-400 View citations (167)
     See also Working Paper The Production and Inventory Behavior of the American Automobile Industry, NBER Working Papers (1982) View citations (92) (1982)

1981

130. An empirical structural model of aggregate demand
     Journal of Monetary Economics, 1981, 7, (1), 1-28 View citations (6)
131. Output, the Stock Market, and Interest Rates
     American Economic Review, 1981, 71, (1), 132-43 View citations (193)
132. What Is Left of the Multiplier Accelerator?
     American Economic Review, 1981, 71, (2), 150-54 View citations (29)

1980

133. The Solution of Linear Difference Models under Rational Expectations
     Econometrica, 1980, 48, (5), 1305-11 View citations (1656)

1979

134. Backward and Forward Solutions for Economies with Rational Expectations
     American Economic Review, 1979, 69, (2), 114-18 View citations (58)
135. Speculative bubbles, crashes and rational expectations
     Economics Letters, 1979, 3, (4), 387-389 View citations (265)
136. Wage Indexing Rules and the Behavior of the Economy
     Journal of Political Economy, 1979, 87, (4), 798-815 View citations (20)

1977

137. A Note on Gross Substitutability of Financial Assets
     Econometrica, 1977, 45, (3), 769-71 View citations (10)

Books

2016

1. Reality Check for the Global Economy
   PIIE Briefings, Peterson Institute for International Economics

2008

2. Fiscal Policy, Stabilization, and Growth: Prudence or Abstinence?
   IDB Publications (Books), Inter-American Development Bank View citations (4)

1998

3. Revisiting European Unemployment: Unemployment, Capital Accumulation and Factor Prices
   Research Series, Economic and Social Research Institute (ESRI) View citations (84)
   See also Working Paper Revisiting European Unemployment: Unemployment, Capital Accumulation, and Factor Prices, NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (88) (1998)
4. The Economics of Post-Communist Transition
   OUP Catalogue, Oxford University Press View citations (16)

1994

5. The Transition in Eastern Europe, Volume 1, Country Studies
   NBER Books, National Bureau of Economic Research, Inc View citations (46)
6. The Transition in Eastern Europe, Volume 2, Restructuring
   NBER Books, National Bureau of Economic Research, Inc View citations (34)

1993

7. NBER Macroeconomics Annual 1993, Volume 8
   NBER Books, National Bureau of Economic Research, Inc View citations (5)
8. Post-Communist Reform: Pain and Progress, vol 1
   MIT Press Books, The MIT Press View citations (33)

1992

9. NBER Macroeconomics Annual 1992, Volume 7
   NBER Books, National Bureau of Economic Research, Inc View citations (4)

1991

10. NBER Macroeconomics Annual 1991, Volume 6
    NBER Books, National Bureau of Economic Research, Inc View citations (21)

1990

11. NBER Macroeconomics Annual 1990, Volume 5
    NBER Books, National Bureau of Economic Research, Inc View citations (42)

1989

12. Lectures on Macroeconomics, vol 1
    MIT Press Books, The MIT Press View citations (1657)
13. NBER Macroeconomics Annual 1989, Volume 4
    NBER Books, National Bureau of Economic Research, Inc View citations (16)

Edited books

2014

1. What Have We Learned? Macroeconomic Policy After the Crisis, vol 1
   MIT Press Books, The MIT Press View citations (45)

2012

2. In the Wake of the Crisis: Leading Economists Reassess Economic Policy, vol 1
   MIT Press Books, The MIT Press View citations (54)

2007

3. The Transition in Eastern Europe, Volume 2
   National Bureau of Economic Research Books, University of Chicago Press

1995

4. The Natural Rate of Unemployment
   Cambridge Books, Cambridge University Press View citations (206)

1994

5. The Transition in Eastern Europe, Volume 1
   National Bureau of Economic Research Books, University of Chicago Press View citations (34)

1993

6. NBER Macroeconomics Annual 1993, vol 1
   MIT Press Books, The MIT Press View citations (30)

1992

7. NBER Macroeconomics Annual 1992, vol 1
   MIT Press Books, The MIT Press View citations (38)

1991

8. NBER Macroeconomics Annual 1991, vol 1
   MIT Press Books, The MIT Press View citations (81)

1990

9. NBER Macroeconomics Annual 1990, vol 1
   MIT Press Books, The MIT Press View citations (178)

1986

10. Restoring Europe's Prosperity: Macroeconomic Papers from the Centre for European Policy Studies, vol 1
    MIT Press Books, The MIT Press View citations (14)

Chapters

2025

1. Convergence? Thoughts About the Evolution of Mainstream Macroeconomics over the Last 40 Years
   A chapter in NBER Macroeconomics Annual 2025, volume 40, 2025
   See also Working Paper Convergence? Thoughts About the Evolution of Mainstream Macroeconomics Over the Last 40 Years, National Bureau of Economic Research, Inc (2025) (2025)

2021

2. Currency Wars, Coordination, and Capital Controls
   Chapter 4 in THE ASIAN MONETARY POLICY FORUM Insights for Central Banking, 2021, pp 134-157 View citations (4)
   See also Journal Article Currency Wars, Coordination, and Capital Controls, International Journal of Central Banking (2017) View citations (29) (2017)
   Working Paper Currency Wars, Coordination, and Capital Controls, Peterson Institute for International Economics (2016) View citations (29) (2016)

2017

3. Distortions in Macroeconomics
   A chapter in NBER Macroeconomics Annual 2017, volume 32, 2017, pp 547-554 View citations (2)
   See also Journal Article Distortions in Macroeconomics, University of Chicago Press (2018) View citations (1) (2018)

2016

4. Comment on "The Analytics of the Greek Crisis"
   A chapter in NBER Macroeconomics Annual 2016, Volume 31, 2016, pp 82-91
5. Jump-Starting the Euro Area Recovery: Would a Rise in Core Fiscal Spending Help the Periphery?
   A chapter in NBER Macroeconomics Annual 2016, Volume 31, 2016, pp 103-182 View citations (57)
   See also Journal Article Jump-Starting the Euro-Area Recovery: Would a Rise in Core Fiscal Spending Help the Periphery?, University of Chicago Press (2017) View citations (48) (2017)
   Working Paper Jump Starting the Euro Area Recovery: Would a Rise in Core Fiscal Spending Help the Periphery?, National Bureau of Economic Research, Inc (2015) View citations (37) (2015)

2014

6. Introduction: Rethinking Macro Policy II--Getting Granular
   Chapter Introduction in What Have We Learned? Macroeconomic Policy After the Crisis, 2014, vol. 1, pp 1-28 View citations (4)

2012

7. Monetary Policy in the Wake of the Crisis
   Chapter 1 in In the Wake of the Crisis: Leading Economists Reassess Economic Policy, 2012, vol. 1, pp 7-13 View citations (35)

2007

8. The Macroeconomic Effects of Oil Price Shocks: Why Are the 2000s so Different from the 1970s?
   A chapter in International Dimensions of Monetary Policy, 2007, pp 373-421 View citations (451)
   See also Working Paper The macroeconomic effects of oil price shocks: Why are the 2000s so different from the 1970s?, Department of Economics and Business, Universitat Pompeu Fabra (2008) View citations (73) (2008)

2005

9. Designig Labor Market Institutions
   Chapter 11 in Labor Markets and Institutions, 2005, vol. 8, pp 367-381 View citations (4)

1999

10. Europe in 1984: The Case for Unsustainable Growth (1984)
    Palgrave Macmillan
11. How to Privatize (1991)
    Palgrave Macmillan
12. Post-Stabilization Inflation in Poland (1992)
    Palgrave Macmillan

1997

13. The Economics of Enterprise Restructuring in Central and Eastern Europe
    Palgrave Macmillan View citations (1)
    See also Working Paper The Economics of Enterprise Restructuring in Central and Eastern Europe, C.E.P.R. Discussion Papers (1994) View citations (23) (1994)

1994

14. Introduction to "The Transition in Eastern Europe, Volume 1"
    A chapter in The Transition in Eastern Europe, Volume 1, Country Studies, 1994, pp 1-18 View citations (23)
15. On the Speed of Transition in Central Europe
    A chapter in NBER Macroeconomics Annual 1994, Volume 9, 1994, pp 283-330 View citations (244)
    See also Working Paper On the Speed of Transition Central Europe, National Bureau of Economic Research, Inc (1994) View citations (242) (1994)
16. Stabilization and Transition: Poland, 1990-91
    A chapter in The Transition in Eastern Europe, Volume 1, Country Studies, 1994, pp 51-92 View citations (7)

1993

17. Editorial in "NBER Macroeconomics Annual 1993, Volume 8"
    A chapter in NBER Macroeconomics Annual 1993, Volume 8, 1993, pp 1-10 View citations (2)

1992

18. Editorial in "NBER Macroeconomics Annual 1992, Volume 7"
    A chapter in NBER Macroeconomics Annual 1992, Volume 7, 1992, pp 1-8 View citations (3)

1991

19. Current and Anticipated Deficits, Interest Rates and Economic Activity
    A chapter in International Volatility and Economic Growth: The First Ten Years of The International Seminar on Macroeconomics, 1991, pp 361-390
    See also Working Paper Current and Anticipated Deficits, Interest Rates and Economic Activity, National Bureau of Economic Research, Inc (1984) View citations (64) (1984)
    Journal Article Current and anticipated deficits, interest rates and economic activity, Elsevier (1984) View citations (53) (1984)
20. Editorial in "NBER Macroeconomics Annual 1991, Volume 6"
    A chapter in NBER Macroeconomics Annual 1991, Volume 6, 1991, pp 1-12 View citations (10)
21. Two Tools for Analysing Unemployment
    Palgrave Macmillan
    See also Working Paper Two Tools for Analyzing Unemployment, National Bureau of Economic Research, Inc (1989) View citations (6) (1989)

1990

22. Editorial in "NBER Macroeconomics Annual 1990, Volume 5"
    A chapter in NBER Macroeconomics Annual 1990, Volume 5, 1990, pp 1-10 View citations (17)
23. Why does money affect output? A survey
    Chapter 15 in Handbook of Monetary Economics, 1990, vol. 2, pp 779-835 View citations (59)
    See also Working Paper Why Does Money Affect Output? A Survey, Massachusetts Institute of Technology (MIT), Department of Economics (1987) View citations (30) (1987)

1989

24. Editorial in "NBER Macroeconomics Annual 1989, Volume 4"
    A chapter in NBER Macroeconomics Annual 1989, Volume 4, 1989, pp 1-8 View citations (13)

1986

25. Are Business Cycles All Alike?
    A chapter in The American Business Cycle: Continuity and Change, 1986, pp 123-180 View citations (364)
    See also Working Paper Are Business Cycles All Alike?, National Bureau of Economic Research, Inc (1984) View citations (59) (1984)
26. Hysteresis and the European Unemployment Problem
    A chapter in NBER Macroeconomics Annual 1986, Volume 1, 1986, pp 15-90 View citations (1018)
    See also Working Paper Hysteresis and the European Unemployment Problem, Massachusetts Institute of Technology (MIT), Department of Economics (1986) View citations (1045) (1986)

1983

27. Debt and the Current Account Deficit in Brazil
    A chapter in Financial Policies and the World Capital Market: The Problem of Latin American Countries, 1983, pp 187-198 View citations (41)

1980

28. The Monetary Mechanism in the Light of Rational Expectations
    A chapter in Rational Expectations and Economic Policy, 1980, pp 75-116 View citations (9)